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A company car http://thisav.fun/ thisav.com During the Bastille Day celebrations this month, François Hollande declared – to the incredulity of pretty much everyone in France – that “the recovery is here”. There are no particular economic indicators that would suggest this. Consumer spending and manufacturing remain at historic lows; growth in the third quarter is expected to be zero; the OECD has predicted that unemployment will actually be worse next year; and only this week a senior member of the FPD, Germany’s junior coalition partner, pronounced that he was “very worried” about France, arguing that Hollande’s decision to raise taxes was “fundamentally wrong”.

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